German exports to 29 countries in Central, Eastern, and Southeastern Europe, the South Caucasus, and Central Asia grew by almost 11 billion euros, or 7.4 percent, to 154.4 billion euros from January to June, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy).
German exports to Central and Eastern Europe in the first half of the year.
Combined exports to China and the US totaled 111 billion euros in the first six months, according to the Statistisches Bundesamt (Federal Statistical Office of Germany).
According to the Statistisches Bundesamt (Federal Statistical Office of Germany), German companies exported goods worth a total of 816.6 billion euros in the first half of the year.
Eastern Europe becomes key region
Cathrina Claas-Mühlhäuser, chairwoman of the Eastern Committee, told Reuters that Central and Eastern Europe has become a key region for German exports. She added that growth opportunities in the region must be used more decisively during phases of geopolitical uncertainty, fragile global supply chains, and growing protectionism.
Central and Eastern Europe has become a key region for German exports.
Exports to the Czech Republic grew by 14 percent to 30.3 billion euros, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy). Germany also exported more goods to Hungary, Romania, and Slovakia compared to the previous year, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy).
German exports to the Czech Republic in the first half, up 14 percent.
Poland, the Czech Republic, Hungary, Romania, and Slovakia are among Germany's 20 most important trading partners, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy). In the first half of the year, Germany traded goods worth almost 232 billion euros with these five countries combined, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy).
Meanwhile, trade with Russia continued to decline. German imports from Russia fell by 23.3 percent to just over half a billion euros, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy). Exports to Russia decreased by 2.8 percent to 3.4 billion euros, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy). Russia ranked 49th among Germany's trading partners, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy), a sharp contrast to 2021, before the invasion of Ukraine, when it was among Germany's 15 most important, according to the Ost-Ausschuss der deutschen Wirtschaft (Eastern Committee of German Economy).
